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CC - Approval of a Professional Services Agreement with Economic and Planning Systems, Inc. for Preparation of an Affordable Housing Linkage Fee Nexus Study and to Conduct Related Community Outreach in an Amount Not-to-Exceed $64,210.
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Meeting Date: March 18, 2020
Contact Person/Dept: Todd Tipton/CDD
Tevis Barnes/CDD
Phone Number: (310) 253-5783
(310) 253-5780
Fiscal Impact: Yes [X] No [] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: Yes [] No [X]
Commission Action Required: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (03/11/20, 3/16/20); Housing Committee on Homelessness (03/11/20, 3/16/20); Landlord Tenant Mediation Board (3/11/20, 3/16/20)
Department Approval: Sol Blumenfeld, Community Development Director (03/06/20)
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RECOMMENDATION
Staff recommends the City Council approve an agreement with Economic and Planning Systems Inc. (EPS) for preparation of an Affordable Housing Linkage Fee Nexus Study (Nexus Study) and conduct related community outreach in an amount not-to-exceed $64,210.
BACKGROUND
The City Council has expressed interest in examining alternatives for incentivizing the production of low, moderate and workforce housing in the City to address the problem of housing affordability.
Until 2012, affordable housing in the City had largely been produced by the former Culver City Redevelopment Agency. Since that time, the City has been using funds from an Educational Revenue Augmentation Funds (ERAF) loan to operate affordable housing programs. The funds are anticipated to be depleted over the next several years so other methods of funding affordable housing must be identified.
One method to address the funding shortfall is through the creation of an Affordable Housing Linkage Fee (Fee) applied to commercial development...
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